Conoil sets December 4 qualification date for N2 dividend

Conoil. Photo: Premium Times

Conoil Plc has fixed December 4, 2026 as the qualification date for its proposed N2 per share dividend for the 2025 financial year, giving investors less than a month to secure eligibility for the payout.

The oil marketing company said shareholders whose names appear on its register at the close of business on the qualification date will be entitled to the dividend, subject to approval at its 56th Annual General Meeting scheduled for 18 December.

According to the company’s corporate actions announcement filed with the Nigerian Exchange Limited, the dividend will be paid electronically on 29 December, 2026.

The proposed payout applies to every ordinary share of 50 kobo held by qualifying investors and is subject to withholding tax.

Conoil will close its register of shareholders from 7 December to 11 December to process the dividend payment.

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The company urged investors who have yet to complete their e-dividend registration to submit their mandate forms through their banks or registrar, Meristem Registrars Limited, to avoid delays in receiving the payment.

The proposed dividend will be presented to shareholders for approval at the AGM, which will be held in Uyo, Akwa Ibom State.

The meeting will also consider the company’s 2025 financial statements, appointments and re-election of directors, appointment of external auditors and remuneration of non-executive directors.

Conoil’s announcement did not disclose the total amount earmarked for the proposed dividend.

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